Fuel Ethanol Market - Global Industry Analysis
Fuel Ethanol Market For Pharmaceuticals, Alcoholic Beverages, Chemical Feedstock, And Automotive And Other Applications: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028
The global Fuel Ethanol market accounted for USD 122.6 Billion in 2020 and is expected to reach USD 353.2 Billion by 2028, growing at a CAGR of around 14.1% between 2021 and 2028.
Description
Market Overview
The global Fuel Ethanol market accounted for USD 122.6 Billion in 2020 and is expected to reach USD 353.2 Billion by 2028, growing at a CAGR of around 14.1% between 2021 and 2028.
Ethanol fuel is a fuel made from ethyl alcohol, the same kind of alcohol used in alcoholic drinks. It's an alcoholic beverage made from rice, corn, sugarcane, and grain, as well as paper waste. It's also a form of diesel that's usually mixed with gasoline at the gas station to oxygenate the fuel. Ethanol gasoline can also be used to run engines on its own. The method of microbial sugar fermentation produces fuel ethanol. The fermentation process is aided by two main plant ingredients, starch and cellulose, both of which are made up of sugars and can be converted to sugars for fermentation. It is used as a single fuel or in addition with other fuels in internal combustion engines. Pharmaceuticals, alcoholic beverages, chemical feedstock, and automobiles are just a few of the industries where ethanol is used.
The worldwide fuel ethanol industry is seeing tremendous expansion due to surge in crude oil prices and its limited availability.
COVID-19 Impact Analysis
The lockdowns imposed by various countries to contain the spread of Covid-19 has impacted the global operations and supply chain which had a negative consequences on fuel ethanol market as the global sales declined. As a result of lockdown, the use of commercial, personal and public transport vehicles reduced significantly resulting in lesser use of fuel ethanol. Also people had to stay indoors which in turn had impacted lesser alcohol consumption. However, in the wake of pandemic, demand for fuel ethanol from pharmaceutical industry has seen a growth.
The significant increase in the global Fuel Ethanol market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.
Growth Factors
The global warming and climate change has forced the countries and the people to think over to reduce the carbon footprints. This has resulted in choosing the bio based and less carbon emitting options in automobile industry. The growing need in the automotive and transportation industries to reduce carbon emissions from gasoline is projected to increase the use of ethanol as a bio-based additive. Also, continuous increase in crude oil prices and its limited availability will be the major factor in the growth of the fuel ethanol market.
A number of agricultural products required to produce a considerable volume of fuel ethanol, on the other hand, might be considered a big hurdle for the global fuel ethanol market.
Report Scope:
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Historic Years | 2016 - 2020 |
| Forecast Years | 2021 - 2028 |
| Segments Covered | By Product Type, By Application, and By End Use |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
Application Segment Analysis Preview
The global market for fuel ethanol is divided into two categories: application and region. The market is segmented into industrial sectors based on the application, such as alcoholic beverages, pharmaceuticals, automotive, chemical feedstock, and others. The automotive sector will have the significant growth and will also dominate the market in the forecast period.
Key Market Players & Competitive Landscape
Some of the major players of global Fuel Ethanol market includes Stake Technology, The Andersons Inc., Advanced Bioenergy LLC., Mascoma Corp., Alternative Energy Sources Inc., Panda Energy International, Blue Fire Ethanol Inc., British Petroleum, DuPont, Pure Energy Inc., Pacific Ethanol, VeraSun Renewable Energy Corp., Range Fuels, NewGen Technologies Inc., Archer Daniels Midland Company, Cargill Corp., Xethanol Corp. and Aventine Renewable Energy Inc, among others.
The global Fuel Ethanol Market is segmented as follows:
By Application
- Pharmaceuticals
- Alcoholic beverages
- Chemical feedstock
- Automotive
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
- Chapter No. 1 Introduction
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. USP & Key Offerings
- 1.2. Key Benefits for Stakehulders
- 1.3. Target Audience
- 1.4. Report Scope
- 1.1. Report Description
- Chapter No. 2 Executive Summary
- 2.1. Key Findings
- 2.1.1. Top Investment Pockets
- 2.1.1.1. Market Attractiveness Analysis, By Type
- 2.1.1.2. Market Attractiveness Analysis, By Region
- 2.1.1. Top Investment Pockets
- 2.2. Market Snapshot
- 2.3. Global Fuel Ethanul Market, 2016 – 2028 (USD Billion)
- 2.4. Insights from Primary Respondents
- 2.1. Key Findings
- Chapter No. 3 COVID 19 Impact Analysis
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. The Middle-East and Africa
- 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
- 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
- 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
- 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
- 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
- 3.6. Short Term Dynamics
- 3.7. Long Term Dynamics
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
- Chapter No. 4 Fuel Ethanul Market – Application Segment Analysis
- 4.1. Overview
- 4.1.1. Market Revenue Share, By Application, 2020 & 2028
- 4.2. Pharmaceuticals
- 4.2.1. Market Size and Forecast, By Region (USD Billion)
- 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.2.3. Key Market Trends, Growth Factors, & Opportunities
- 4.3. Alcohulic beverages
- 4.3.1. Market Size and Forecast, By Region (USD Billion)
- 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.3.3. Key Market Trends, Growth Factors, & Opportunities
- 4.4. Chemical feedstock
- 4.4.1. Market Size and Forecast, By Region (USD Billion)
- 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.4.3. Key Market Trends, Growth Factors, & Opportunities
- 4.5. Automotive
- 4.5.1. Market Size and Forecast, By Region (USD Billion)
- 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.5.3. Key Market Trends, Growth Factors, & Opportunities
- 4.6. Others
- 4.6.1. Market Size and Forecast, By Region (USD Billion)
- 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.6.3. Key Market Trends, Growth Factors, & Opportunities
- 4.1. Overview
- Chapter No. 5: Fuel Ethanul Market – Industry Analysis
- 5.1. Overview
- 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
- 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
- 5.2. North America
- 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 5.2.2. North America Market Revenue, By Application, 2016 – 2028
- 5.2.3. U.S.
- 5.2.3.1. U.S. Market Revenue, By Application, 2016 – 2028
- 5.2.4. Canada
- 5.2.4.1. Canada Market Revenue, By Application, 2016 – 2028
- 5.2.5. Mexico
- 5.2.5.1. Mexico Market Revenue, By Application, 2016 – 2028
- 5.3. Europe
- 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 5.3.2. Europe Market Revenue, By Application, 2016 – 2028
- 5.3.3. Germany
- 5.3.3.1. Germany Market Revenue, By Application, 2016 – 2028
- 5.3.4. France
- 5.3.4.1. France Market Revenue, By Application, 2016 – 2028
- 5.3.5. U.K.
- 5.3.5.1. U.K. Market Revenue, By Application, 2016 – 2028
- 5.3.6. Italy
- 5.3.6.1. Italy Market Revenue, By Application, 2016 – 2028
- 5.3.7. Spain
- 5.3.7.1. Spain Market Revenue, By Application, 2016 – 2028
- 5.3.8. Rest of Europe
- 5.3.8.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
- 5.4. Asia Pacific
- 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 5.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
- 5.4.3. China
- 5.4.3.1. China Market Revenue, By Application, 2016 – 2028
- 5.4.4. Japan
- 5.4.4.1. Japan Market Revenue, By Application, 2016 – 2028
- 5.4.5. India
- 5.4.5.1. India Market Revenue, By Application, 2016 – 2028
- 5.4.6. South Korea
- 5.4.6.1. South Korea Market Revenue, By Application, 2016 – 2028
- 5.4.7. South-East Asia
- 5.4.7.1. South-East Asia Market Revenue, By Application, 2016 – 2028
- 5.4.8. Rest of Asia Pacific
- 5.4.8.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
- 5.5. Latin America
- 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 5.5.2. Latin America Market Revenue, By Application, 2016 – 2028
- 5.5.3. Brazil
- 5.5.3.1. Brazil Market Revenue, By Application, 2016 – 2028
- 5.5.4. Argentina
- 5.5.4.1. Argentina Market Revenue, By Application, 2016 – 2028
- 5.5.5. Rest of Latin America
- 5.5.5.1. Rest of Latin America Market Revenue, By Application, 2016 – 2028
- 5.7. The Middle-East and Africa
- 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 5.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
- 5.6.3. GCC Countries
- 5.6.3.1. GCC Countries Market Revenue, By Application, 2016 – 2028
- 5.6.4. South Africa
- 5.6.4.1. South Africa Market Revenue, By Application, 2016 – 2028
- 5.6.5. Rest of Middle-East Africa
- 5.6.5.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
- 5.1. Overview
- Chapter No. 6: Fuel Ethanul Market – Industry Analysis
- 6.1. Introduction
- 6.2. Market Drivers
- 6.2.1. Driving Factor 1 Analysis
- 6.2.2. Driving Factor 2 Analysis
- 6.3. Market Restraints
- 6.3.1. Restraining Factor Analysis
- 6.4. Market Opportunities
- 6.4.1. Market Opportunity Analysis
- 6.5. Porter’s Five Forces Analysis
- 6.6. PEST Analysis
- 6.7. Regulatory Landscape
- 6.8. Technology Landscape
- 6.9. Regional Market Trends
- 6.9.1. North America
- 6.9.2. Europe
- 6.9.3. Asia Pacific
- 6.9.4. Latin America
- 6.9.5. The Middle-East and Africa
- 6.10. Pricing Analysis
- 6.11. Value Chain Analysis
- 6.12. Downstream Buyers
- 6.13. Distributors/Traders List
- Chapter No. 7: Competitive Landscape
- 7.1. Company Market Share Analysis – 2019
- 7.1.1. Global Fuel Ethanul Market: Company Market Share, 2019
- 7.1.2. Global Fuel Ethanul Market, Company Market Revenue, 2016 – 2019 (USD Billion)
- 7.1.3. Global Fuel Ethanul Market, Company Y-o-Y Growth, 2017 – 2019 (%)
- 7.1.4. Global Fuel Ethanul Market: Radar Determinant Chart, 2019
- 7.2. Strategic Developments
- 7.2.1. Acquisitions & Mergers
- 7.2.2. New Type Launch
- 7.2.3. Regional Expansion
- 7.3. Company Strategic Developments – Heat Map Analysis
- 7.1. Company Market Share Analysis – 2019
- Chapter No. 8: Company Profiles
- 8.1. Stake Technology
- 8.1.1. Company Overview
- 8.1.2. Key Executives
- 8.1.3. Type Portfolio
- 8.1.4. Financial Overview
- 8.1.5. Operating Business Segments
- 8.1.6. Business Performance
- 8.1.7. Recent Developments
- 8.2. The Andersons Inc.
- 8.3. Advanced Bioenergy LLC.
- 8.4. Mascoma Corp.
- 8.5. Alternative Energy Sources Inc.
- 8.6. Panda Energy International
- 8.8. Blue Fire Ethanul Inc.
- 8.9. British Petruleum
- 8.10. Pure Energy Inc.
- 8.1. Stake Technology
- Chapter No. 9: Marketing Strategy Analysis
- 9.1. Marketing Channel
- 9.2. Direct Marketing
- 9.3. Indirect Marketing
- 9.4. Marketing Channel Development Trends
- 9.5. Economic/Pulitical Environmental Change
- Chapter No. 10: Research Methodology
- 10.1. Research Methodology
- 10.2. Phase I - Secondary Research
- 10.3. Phase II - Data Modeling
- 10.3.1. Company Share Analysis Model
- 10.3.2. Revenue Based Modeling
- 10.4. Phase III - Primary Research
- 10.5. Research Limitations
- 10.5.1. Assumptions
Table Of Figures
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Fuel Ethanol Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 6. Global Fuel Ethanol Market for Pharmaceuticals, Revenue (USD Billion) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Fuel Ethanol Market for Pharmaceuticals, By Country, 2020 & 2028
FIG NO. 8. Global Fuel Ethanol Market for Alcoholic beverages, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Fuel Ethanol Market for Alcoholic beverages, By Country, 2020 & 2028
FIG NO. 10. Global Fuel Ethanol Market for Chemical feedstock, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Fuel Ethanol Market for Chemical feedstock, By Country, 2020 & 2028
FIG NO. 12. Global Fuel Ethanol Market for Automotive, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Fuel Ethanol Market for Automotive, By Country, 2020 & 2028
FIG NO. 14. Global Fuel Ethanol Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Fuel Ethanol Market for Chemical Others, By Country, 2020 & 2028
FIG NO. 16. Global Fuel Ethanol Market Revenue Share, By Region, 2020 & 2028
FIG NO. 17. North America Fuel Ethanol Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 18. Porter’s Five Forces Analysis for Global Fuel Ethanol Market
FIG NO. 19. PEST Analysis for Global Fuel Ethanol Market
FIG NO. 20. Pricing Analysis for Global Fuel Ethanol Market
FIG NO. 21. Value Chain Analysis for Global Fuel Ethanol Market
FIG NO. 22. Company Share Analysis, 2019
FIG NO. 23. Radar Determinant Chart, 2019
FIG NO. 24. Company Strategic Developments – Heat Map Analysis
FIG NO. 25. Archer Daniels Midland Company Business Segment Revenue Share, 2020 (%)
FIG NO. 26. Archer Daniels Midland Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 27. Market Channels
FIG NO. 28. Marketing Channel Development Trend
FIG NO. 29. Growth in World Gross Type, 2008-2018
FIG NO. 30. Research Methodology – Detailed View
FIG NO. 31. Research Methodology
Table Of Tables
List of Tables
TABLE NO. 1. Global Fuel Ethanol Market: Snapshot
TABLE NO. 2. Quarterly Fuel Ethanol Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Fuel Ethanol Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Fuel Ethanol Market for Pharmaceuticals, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Fuel Ethanol Market for Alcoholic beverages, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Fuel Ethanol Market for Chemical feedstock, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Fuel Ethanol Market for Automotive, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Fuel Ethanol Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Fuel Ethanol Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. North America Fuel Ethanol Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America Fuel Ethanol Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 14. U.S. Fuel Ethanol Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 15. Canada Fuel Ethanol Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 16. Mexico Fuel Ethanol Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 17. Drivers for the Fuel Ethanol Market: Impact Analysis
TABLE NO. 18. Restraints for the Fuel Ethanol Market: Impact Analysis
TABLE NO. 19. Major Buyers of Fuel Ethanol
TABLE NO. 20. Distributors/Traders List of Fuel Ethanol
TABLE NO. 21. Global Fuel Ethanol Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 22: Global Fuel Ethanol Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
Methodology
This report is based on in-depth qualitative and quantitative analyses of the global Fuel Ethanol market. Zion Research has collected and analyzed key data belong to the global Fuel Ethanol market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Fuel Ethanol across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Fuel Ethanol industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
- Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
- Helps in validating and strengthening the secondary research findings
- Further, develops the analysis team’s expertise and market understanding
- Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
Participants who typically participate in such a process include, but are not limited to:
- Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
- Purchasing managers, technical personnel, distributors and resellers
- Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
- Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
- IDC and other relevant magazines
- Internal and external proprietary databases, and relevant patent and regulatory databases
- National government documents, statistical databases and market reports
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Fuel Ethanol market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
- Demographic data: Population split by segments
- Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
- Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
- Data is then cross-checked by an expert panel.
Free Analysis
Fuel ethanol or ethyl alcohol is a compound produced by the process of fermentation of biological materials like corn, sugarcane, wheat, wood, and barley. Mostly, starch based crops and corn are used for the production of ethanol. The most common raw materials used for the production of ethanol are cellulosic materials, starches, and sugar rich feedstock. Ethanol blends well with most of the organic solvents and also with water. Fuel ethanol is a very important part of several industries as ethanol acts a great solvent for many substances. Ethanol is widely used as an automobile fuel. Fuel ethanol requires less fossil fuel inputs as compared to gasoline refining. For the production of 20 barrels of fuel ethanol it takes only one barrel of crude oil and hence, fuel ethanol is considered a cleaner fuel alternative. It is used in several countries as an additive for gasoline. The legal mixing for ethanol and gasoline in Brazil is 25% and 75% respectively. The global demand for fuel ethanol is anticipated to experience substantial growth over the forecast period especially in the automobile industry owing to its advantages like low cost and eco-friendly nature.
The growth drivers of the global fuel ethanol market are a rapid rise in crude oil prices, rise in green house gas emissions and encouragement from the government through incentives for the production of ethanol. An enormous growth in the automobile sector is likely to boost the growth of the global fuel ethanol market over the coming years. Moreover, the automotive industry has initiated the development of vehicles with engines based on fuel ethanol. Also, the rise in growth of fuel ethanol application in the aviation industry, to improve the fuel efficiency & lower the ecological dangers, is anticipated to enhance the global fuel ethanol market demand over the forecast period. However, the major hindering factor in the global fuel ethanol market is the quantity of agricultural products required to create an amount of ethanol. Rapid growth in the automobile sector and development of vehicles with fuel ethanol based engines is likely to serve as an opportunity for the global fuel ethanol market over the forecast period.
The global market for fuel ethanol is segmented on the basis of applications and region. According to the application, it is divided into pharmaceutical, alcoholic beverages, automotive, chemical feedstock and others. Of all sectors, the automotive sector is experiencing the highest growth in consumption of fuel ethanol. On the basis of the region, the global market for fuel ethanol is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America was the leading regional market for fuel ethanol, in terms of its production as well as consumption in the region. Owing to strict rules applied by regulatory agencies to use ethanol as a preservative to automobile fuel, the global fuel ethanol market experienced a huge growth in North America in the last few years. Canada & United State are the major markets for ethanol in the North America region.
The key players in the global market for fuel ethanol are Stake Technology, The Andersons Inc., Advanced Bioenergy LLC., Mascoma Corp., Alternative Energy Sources Inc., Panda Energy International, Blue Fire Ethanol Inc., British Petroleum, DuPont, Pure Energy Inc., Pacific Ethanol, VeraSun Renewable Energy Corp., Range Fuels, NewGen Technologies Inc., Archer Daniels Midland Company, Cargill Corp., Xethanol Corp. and Aventine Renewable Energy Inc, among others.
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FrequentlyAsked Questions
The global Fuel Ethanol Market was valued at USD 122.6 billion in 2020.
The global Fuel Ethanol Market is expected to reach USD 353.2 billion by 2028, growing at a CAGR of 14.1% between 2021 to 2028.
The growing need in the automotive and transportation industries to reduce carbon emissions from gasoline is projected to increase the use of ethanol as a bio-based additive. Also, continuous increase in crude oil prices and its limited availability will be the major factor in the growth of the fuel ethanol market.
In 2020, North America accounted towards a major share of Fuel Ethanol market and will continue to dominate the market over the next few years as the consumption and production is more in North America than the other regions
Some of the major players of global Fuel Ethanol market includes Stake Technology, The Andersons Inc., Advanced Bioenergy LLC., Mascoma Corp., Alternative Energy Sources Inc., Panda Energy International, Blue Fire Ethanol Inc., British Petroleum, DuPont, Pure Energy Inc., Pacific Ethanol, VeraSun Renewable Energy Corp., Range Fuels, NewGen Technologies Inc., Archer Daniels Midland Company, Cargill Corp., Xethanol Corp. and Aventine Renewable Energy Inc, among others.
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